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Beginners Board
UPDATED PRICES ON BROKENMOUTH'S FEEDER CATTLE OPTIONS TRADE
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<blockquote data-quote="ManyHorses" data-source="post: 59931" data-attributes="member: 1016"><p>Texan,</p><p></p><p>Commision costs depend a lot upon the type of account you need. A full service commision broker may charge as high as $75.00 plus exchange fees. Personally I average a little less than $40.00 commissions and fees per option because I don't require much broker support. I could probably get by paying less but I like having extra broker support in the 'wings' for his access to data and entering complex trade instructions.</p><p></p><p><u><strong>USE ONLY AN EXPERIENCED BROKER WHO EATS AND SLEEPS CATTLE, HOGS AND MAYBE THE GRAINS... NEVER SPECULATE!!!</strong></u></p><p></p><p>The cost to set up this trade was about $120.00 plus exchange fees. </p><p></p><p>The beauty of having to adjust this position and pay additional commisions would be because I'm making too much money... i.e. if futures were to appoach my 97 Puts I'd move 'em down a couple cents but that would also mean that my 102 Put has become more valuable to the upside.</p><p></p><p>If futures were to roll over my 102 I'd probably just set a bit because the 97's I had sold had become less valuable and I'm at a profit with them... </p><p> </p><p>Bottom line is that commissions aren't much concern to longer term position traders where you're after much larger returns.</p><p></p><p>Hope this helps... Richard</p></blockquote><p></p>
[QUOTE="ManyHorses, post: 59931, member: 1016"] Texan, Commision costs depend a lot upon the type of account you need. A full service commision broker may charge as high as $75.00 plus exchange fees. Personally I average a little less than $40.00 commissions and fees per option because I don't require much broker support. I could probably get by paying less but I like having extra broker support in the 'wings' for his access to data and entering complex trade instructions. [u][b]USE ONLY AN EXPERIENCED BROKER WHO EATS AND SLEEPS CATTLE, HOGS AND MAYBE THE GRAINS... NEVER SPECULATE!!![/b][/u] The cost to set up this trade was about $120.00 plus exchange fees. The beauty of having to adjust this position and pay additional commisions would be because I'm making too much money... i.e. if futures were to appoach my 97 Puts I'd move 'em down a couple cents but that would also mean that my 102 Put has become more valuable to the upside. If futures were to roll over my 102 I'd probably just set a bit because the 97's I had sold had become less valuable and I'm at a profit with them... Bottom line is that commissions aren't much concern to longer term position traders where you're after much larger returns. Hope this helps... Richard [/QUOTE]
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UPDATED PRICES ON BROKENMOUTH'S FEEDER CATTLE OPTIONS TRADE
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